Page load speed a ranking factor in mobile search: Benefits

[djbaxter]

User experience improvements with page speed in mobile search
Google Webmaster Blog
April 4, 2019

To help users find the answers to their questions faster, we included page speed as a ranking factor for mobile searches in 2018. Since then, we've observed improvements on many pages across the web. We want to recognize the performance improvements webmasters have made over the past year. A few highlights:

• For the slowest one-third of traffic, we saw user-centric performance metrics improve by 15% to 20% in 2018. As a comparison, no improvement was seen in 2017.
• We observed improvements across the whole web ecosystem. On a per country basis, more than 95% of countries had improved speeds.
• When a page is slow to load, users are more likely to abandon the navigation. Thanks to these speed improvements, we've observed a 20% reduction in abandonment rate for navigations initiated from Search, a metric that site owners can now also measure via the Network Error Logging API available in Chrome.
• In 2018, developers ran over a billion PageSpeed Insights audits to identify performance optimization opportunities for over 200 million unique urls.

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[JoshuaMackens]

I wonder if Google will start releasing more information like this about the algorithm as they see more people do what they want them to do haha.